Remove business tax Remove income tax Remove Travel Expense Management
article thumbnail

Travel expense management: How T&E benefits your business

Accounting Insight

And you need to understand the difference between them and how they affect your business tax bill. Taxes are payments made to the government for goods or services sold to customers. If you sell coffee, for example, you will pay VAT on each cup of coffee sold (and other taxes like income tax if you’re a limited company).